1991-03-07 General MeetingCity of Okeechobee
General Employees Pension Plan
Trustee Meeting Minutes
March 7, 1991
The joint meeting of the Police, Fire and General Employees Trustees was
called to order at 6:50 PM.
General Employees Trustees present: Roger Jones, Dowling Watford, Charles
Elders, Rick Jordon, L.C. Fortner, Jr.
Others Present: Attorney Lee Dehner
The minutes of the November 5, 1990 meeting was discussed. Roger Jones stated
the trustees discussed the possibility of investments in real estate during
the November 5 meeting. The trustees agreed to not invest in any real estate
at this time. No formal motion was made or needed, but some mention of the
discussion should be included in the minutes.
Motion by R. Jones seconded by C. Elders to approve the minutes of the
November 5, 1990 meeting and include the discussion of the trustees
concerning the investment in real estate. Motion carried.
Motion by R. Jones second by C. Elders to approve the expenses of $1,580.45
for period from Oct. 1, 1990 through Dec. 31, 1990. Motion carried.
Motion by C. Elders second by D. Watford to approve the new employees for
period of Oct. 1, 1990 through Dec. 31, 1990. Motion carried.
Motion by C. Elders second by R. Jones to approve the terminated employees
and the reimbursement to employees of $3,340.12 for period of Oct. 1, 1990
through Dec. 31, 1990. Motion carried.
Mr. Lee Dehner handed out a copy of the proposed provisions for each pension
plan to each of the trustees.
Mr. Dehner discussed the proposed provisions and high lighted those areas
that were different from the current provisions.
After discussion by the trustees, the next meeting was scheduled for April 1 ,
1991 at 7:00 PM.
Each trustee was encouraged to read and study the proposed provisions and be
prepared to finalize the provisions at the April 1, 1991 meeting.
Meeting adjourned at 8:25 PM.
THESE MINUTES APPROVED AND ADOPTED:
GENERAL FUND CHAIRMAN C 4zlL ! -
L.C. FORTNER, JR.
GENERAL FUND SECRETARY
CHARLES J R